Bank of America Corp DE Buys 107,751 Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Bank of America Corp DE raised its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 37.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 393,395 shares of the company’s stock after purchasing an additional 107,751 shares during the period. Bank of America Corp DE owned 2.10% of Fidelity Low Volatility Factor ETF worth $23,836,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mechanics Bank Trust Department lifted its stake in shares of Fidelity Low Volatility Factor ETF by 6.1% during the 4th quarter. Mechanics Bank Trust Department now owns 62,706 shares of the company’s stock valued at $3,799,000 after buying an additional 3,620 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Fidelity Low Volatility Factor ETF by 91.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 17,237 shares of the company’s stock valued at $1,044,000 after acquiring an additional 8,236 shares during the period. Tempus Wealth Planning LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at about $1,678,000. Nvwm LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $1,104,000. Finally, Silver Oak Securities Incorporated grew its position in shares of Fidelity Low Volatility Factor ETF by 365.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 29,794 shares of the company’s stock worth $1,805,000 after purchasing an additional 23,386 shares in the last quarter.

Fidelity Low Volatility Factor ETF Trading Up 0.6%

Shares of FDLO opened at $61.41 on Monday. The business’s 50 day moving average is $59.14 and its 200 day moving average is $60.90. Fidelity Low Volatility Factor ETF has a 12-month low of $53.59 and a 12-month high of $63.32. The company has a market capitalization of $1.21 billion, a PE ratio of 24.17 and a beta of 0.82.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.